Astro-Med, Inc. 8-K Summary (May 13, 2003)
Business Context and Reporting Period
Astro-Med, Inc. (NASDAQ: ALOT), a manufacturer of high-tech specialty printing systems and medical instrumentation, filed this Current Report on May 13, 2003. The filing discloses unaudited financial estimates for the first quarter ended May 3, 2003, pursuant to Regulation FD.
Key Financial Metrics
- Estimated Revenue: $13.2 million for the first quarter ended May 3, 2003.
- Estimated Net Income: Approximately $500,000 (12 cents per share).
- New Orders: Reached a record $15.0 million for the quarter.
- Cash Flow, Debt, and Liquidity: The filing text does not provide specific values for cash flow, debt levels, or liquidity ratios.
Material Changes vs. Prior Period
- Revenue Growth: Estimated sales increased 16% compared to $11.4 million in the corresponding quarter of the prior year.
- Profitability Turnaround: The company expects a net income of $500,000, reversing a net loss of $632,000 (15 cents per share) reported in the same quarter of the prior year.
- Order Backlog: Incoming new orders hit an all-time high of $15.0 million, driven by new product reception and a recently announced Airbus order.
Guidance, Outlook, and Risks
Management views the results as a continuation of progress following strong fourth-quarter sales of $12.9 million. The company anticipates actual results will be released on May 20, 2003, with a conference call scheduled for May 21, 2003. The press release includes a Safe Harbor statement noting that actual results may vary from forward-looking estimates due to factors outlined in the company's FY2003 annual report and SEC filings.
Investor Verification Checklist
- Verify the actual audited financial results when released on May 20, 2003, to confirm the estimated $13.2 million revenue and $500,000 net income.
- Review the details of the Airbus order mentioned as a driver for the record $15.0 million in new orders.
- Monitor the upcoming conference call on May 21, 2003, for management's detailed commentary on margins and operational efficiency.
- Check subsequent filings for specific data on debt, liquidity, and cash flow, which were not included in this preliminary estimate.